Tesla: “I think that Tesla’s just OK. It’s a battle between the longs and the shorts. I don’t like battlegrounds, therefore I’m going to have to avoid it. I don’t mean to dodge it, but that’s how I play it.” Goldman Sachs: “I want you to take a longer-term view. I think it’s a long
Check out the companies making headlines after the bell: Nike stock fell as much as 4.5 percent in after-hours trading despite reporting first-quarter earnings numbers that beat on the top and bottom lines. The company posted earnings per share of 67 cents, higher than analysts’ estimates of 63 cents per share. Nike’s quarterly revenue came
The price of crude oil rose above $70 a barrel on Tuesday, and while CNBC’s Jim Cramer admitted that he miscalculated its last breakthrough, he insisted that this time, the circumstances have changed. “First, President Trump went hardline against Iran and their oil exports have plummeted while Venezuelan exports continue to dwindle, and demand is
The cryptocurrency industry has a plea for Congress: Hurry up and regulate, please. More than 50 industry participants gathered on Capitol Hill for a roundtable discussion hosted by Rep. Warren Davidson, R-Ohio, Tuesday. Although attendees varied, none were from anti-establishment groups popular in the cryptocurrency space, nor did they include retail investors who bought bitcoin
Salesforce’s partnership with Apple may be new, but Marc Benioff has felt connected to the iPhone maker for decades, the Salesforce chief told CNBC on Tuesday. Having worked at Apple in the 1980s as a programmer, “I have Apple in my veins,” Benioff told “Mad Money” host Jim Cramer in an exclusive interview at Dreamforce,
The Fed is expected to raise interest rates by a quarter point Wednesday and indicate it plans to keep hiking them in what many expect to be a hawkish message for markets. Wall Street economists expect the Fed to make a number of changes that reinforces a hawkish tone, including raising its growth forecasts, dropping
Lululemon Athletica (NASDAQ:LULU) is a great company. That doesn’t mean there can’t be a Lululemon stock bubble. The company now has a market cap of $20.6 billion, after reporting what the market considered blowout earnings a month ago, net income of $96 million on revenue of $723 million. Same store sales were up 19%, and online
When it comes to saving for college, you don’t always have to remain in-state. Families poured cash into the 529 college savings plans in the first half of 2018, according to recent data from the College Savings Plan Network. These tax-advantaged accounts allow families to sock away after-tax dollars and have them accumulate earnings free
Square could rattle the payments industry in the same way Facebook, Amazon, Netflix and Google shook up other traditional markets, according to one analyst. Because of that potential, Nomura Instinet is advocating an “S” for Square be added to the high-growth, so-called “FANG” group. “Similar to FANG stocks that have disrupted traditional markets with massive
Portfolio manager Joel Greenblatt is probably best known for creating Magic Formula Investing — a simple way to find good businesses at reasonable-to-cheap prices. Before that, he wrote a book called You Can Be A Stock Market Genius, which discusses spinoff stocks and other less-known investment strategies. The fact is, spinoff stocks make outsized returns for
Traders and investors continue to position themselves as the Federal Reserve begins its two-day meeting on Tuesday. On Wednesday, it’s expected that the Fed will announce a rate increase and many expect another increase in December. Meanwhile, Nike earnings will be broadcast shortly. Here are our top stock trades based on Tuesday’s action. Top Stock
“Big data” is a big trend — and one that offers no shortage of stocks to buy. Investors of all kinds can find their favorite big data stocks — and likely already have. All of the ‘FANG stocks’ offer some kind of big data play, with Alphabet (NASDAQ:GOOGL,GOOG) likely the purest. Tableau Software (NYSE:DATA) and
Since early June, Intel (NASDAQ:INTC) shares have been in an awful downward spin. Note that Intel stock price has gone from $57.60 to $46.40. This actually puts the shares near bear territory, with a return of -19%. The selling pressure on Intel stock should not necessarily be a surprise. Keep in mind that the chip
Stocks are fighting to take back record levels this week. One technician is looking in an unusual corner of the market for proof the S&P 500 can build on the rally. “In the commodity markets, we’re encouraged that the price of oil is outperforming the price of gold,” Ari Wald, head of technical analysis at
The key rate that affects mortgages and a slew of other loans is looking ready to break higher. The benchmark 10-year Treasury yield briefly touched a high yield of just over 3.113 percent Tuesday morning, just as the Fed began it two-day meeting. That is the highest level since May 18, when the 10-year yield
Changes to the Global Industry Classification Standard (GICS) come this week with the debut of the new S&P 500 communications services sector. As a result, the market will characterize more equities as “communications stocks.” Internet search, social media, mass media, telecom and electronic gaming stocks will make up the bulk of this sector. The communications
In early June of this year, J.P. Morgan strategist Marko Kolanovic made a startling statement. Since March, President Donald Trump’s tough stance on fair trade practices have evaporated more than $1 trillion in market value. Such a drastic impact exponentially raises interest in safe dividend stocks to buy. Of course, since Kolanovic’s analysis went public,
In the S&P 500, 47 stocks have lost more than 10% of their value over the past three months. Facebook (NASDAQ:FB) is in the top quintile of losers, as Facebook stock price has tumbled about 19%. Is Facebook stock the best of the worst? I think it is, but before I explain my reasoning, let’s
Rapidly growing grocer Sprouts Farmers Market (NASDAQ:SFM) reported robust second quarter numbers at the beginning of August that included a lift to the full-year earnings guide. SFM stock popped more than 10% the day of the report, and hasn’t looked back since. Today, it trades at $27.50, up 30% since early August. To put that
Ever since shares of iQIYI, Inc. (NASDAQ:IQ) topped, albeit briefly, $46.23 in June 2018, IQ stock trended lower and has yet to recover. The tariff trade war between the U.S. and China are partly to blame. Alibaba Group Holding Limited (NYSE:BABA) is down nearly 20 percent in the last quarter while iQIYI’s major shareholder, Baidu,
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